Payments News

On The Web

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Deals

HPE Collects €160 Million to Support Portfolio Company PPRO

“European growth investor HPE Growth has collected €160 million (roughly $194.8 million) to support an increasingly popular deal structure that gives the firm more time to support PPRO Financial Ltd., a cross-border payments infrastructure technology company the firm initially backed in 2014. HPE Growth, which invests in small and medium-size technology companies across Western Europe, […]
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Marqeta IPO puts spotlight on fintech fees

“Most of Marqeta’s revenue comes from interchange fees, the costs that merchants pay when their customers use debit cards to make a purchase.  Because of the Durbin Amendment in the 2010 Dodd Frank Act, banks with under $10bn in assets receive higher interchange fees than larger lenders from the transactions.  Fintech start-ups such as Marqeta […]
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Hospital System Upgrades Payments Tech to Improve Collection, Security

“Hospital data is as confusing as it is sensitive. An automated system for collecting payments can simplify the process while also making it more secure. An additional benefit of automating payments is it improves collection efforts by allowing patients to settle their bills even when the health care provider’s call center is closed. Emory Healthcare […]
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JPMorgan Credit Card Spending Ticks Up, Modestly Helping Loan Growth

“Spending by customers holding JPMorgan Chase & Co (JPM.N) credit cards is up 17% year to date over the same period in 2019, bank co-president Gordon Smith said on Thursday. The uptick in credit card spending should mean that loans begin to grow modestly by the end of the year, Smith said.”
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On The Wires

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Societe Generale and Kyriba Join Forces to Create a Cloud Treasury Management Solution – Société Générale

“Societe Generale (the Bank), one of the leading European financial services groups (most notably in the field of transaction banking), and Kyriba, a global leader of cloud-based finance and IT solutions, have today announced a strategic partnership to launch a new treasury management solution.  This solution will include payment automation and fraud management functionalities, and […]
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Domains

Pinterest Takes the Best of Offline Shopping and Brings It Online

“Today, we are announcing the expansion of our shopping features to Australia, Canada, France and Germany, offering Pinterest users the opportunity to shop right from Pins, on boards, from search, and from the inspiration they find in the real world using Lens camera search. Pinners will also be able to get inspiration from Shopping spotlights, which showcase expert […]
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Citi and AT&T Renew Long-Standing Credit Card Collaboration

“Citi and AT&T today announced a multi-year renewal to extend their consumer co-brand credit card portfolio in the U.S. The agreement will continue to provide innovative credit card products, such as the AT&T Access Card, to drive enhanced customer engagement and loyalty and explore additional consumer offerings.”
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AppBrilliance Unveils ‘Push-to-Business’ Digital Payments Model; Solidifies Leadership with Strategic Appointment of Steve Mott to Advisory Board

“AppBrilliance , an Austin-based payments technology company, today revealed its strategic vision with its new Money API-powered, Push-To-Business (P2B) payments model, which upends the decades-old traditional model and shifts power back to the merchant when it comes to payments fees…AppBrilliance’s patented technology and non-custodial direct-payment APIs enable instant and secure account-to-account “push” payments to consumers’ […]
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Huntington Launches Standby Cash(SM) To Give Eligible Customers An Instant Line Of Credit For Unexpected Expenses

“Planning for the unexpected just got easier with Huntington’s (Nasdaq: HBAN ) first digital-only product, Standby Cash. True to its commitment to looking out for people, Huntington has launched Standby Cash, a line of credit giving eligible customers immediate access up to $1,000 with no interest or fees if customers sign up for automatic payments (otherwise, a […]